types of funding
A significant portion of our funding is done through traditional grantmaking. Grant-seeking organizations must have the ability to make meaningful social impact coupled with solid financial and operational practices. Investments will benefit Detroit children directly, improving their educational and economic outcomes.
Program-related investments, like grants, are IRS-approved charitable expenditures that foundations can use to achieve their programmatic goals. Unlike grants, PRIs have below-market rates of return and are meant to be repaid. This allows the Foundation to recycle the funds and achieve greater impact over time with those dollars. PRIs must meet the same charitable purpose tests as grants.
what we fund
The Foundation has annual grant budgets of $15-$17 million. Our funding supports quality education and economic opportunities for Detroit children, and equitable civic action that champions our city's youth.
The Foundation generally awards one-year grants that range from $20,000 to $200,000. Multi-year grants are awarded on a case-by-case basis in special situations. Multi-year grants may only be submitted at the invitation of a program officer.
who can apply
Skillman Foundation grant partners must:
- Be a nonprofit 501(c)(3) tax-exempt organization and provide your tax id (EIN) number or be a government or public agency (city, county, state, public school district).
- Be a publicly supported charity as defined in Section 509(a) of the Internal Revenue Code.
- Have total revenues of at least $100,000 for your preceding fiscal year and be able to provide a copy of a current financial audit conducted by an independent certified public accountant.
- In policy and practice, offer opportunity and service to all, regardless of age, race, creed, gender, religion, disability, sexual orientation and ethnicity.
who cannot apply
The Foundation does not make grants to:
- For-profit institutions
- Endowments, building campaigns, or capital costs, including construction, renovation, or equipment
- Political campaigns, to support political activities or to lobby for or against particular pieces of legislation
- Award scholarships or provide tuition assistance
when to apply
New grant inquiries should be submitted approximately two months in advance of Trustee meeting dates. The Skillman Foundation Board meets in March, June, September and December.